Excerpted from the Globe and Mail
Charyl Galpin likes to say she’s been with the Bank of Montreal for 54 years – she was basically born into it.
The daughter of a lifelong BMO banker, Ms. Galpin started her own career as a teller more than 35 years ago, and recently took over as sole head of full-service investment business BMO Nesbitt Burns.
Ms. Galpin is now in the driver’s seat of the retail brokerage, navigating BMO’s wealth-advisory business in Canada and the firm’s network of more than 1,300 investment advisers at 50 branches across the country. She formerly led the group with another executive, and the November promotion came after a year of staffing changes and a new leadership group, as part of an effort to better align with changing client demands. “We’ve done a lot of heavy lifting in the past year,” she says.
One big mission is to attract more women as clients and the advisers to serve them. “As an industry we’re not really doing a great job,” she says, adding that less than 17 per cent of all Canadian wealth advisers are women. “There’s a huge opportunity there to bring more women into our business.”